"The truth in no online database will replace your daily newspaper, no CD-ROM can take the place of a competent teacher and no computer network will change the way government works."
So he got the newspaper thing (partially) wrong. The government hasn't changed, nor has education. The truth of the education thing is this: you can learn anything on your own, but a teacher can tell you in 20 minutes what might take you a month to figure out by yourself. Government will take a long time to change. And (many) more people still rely on mainstream media outlets for their news than any other source (though they may get their news from said media outlet's online presence, rather than their print one.
I'm positive that guy is a better math teacher than any classroom math teacher I've had, and everyone around the world can access it for free. An online teacher can be just as real as a classroom teacher. Online there is less distraction than sitting in the middle or back of a lecture, and you can control the pace to absorb every point by pausing and rewinding rathering than worrying about simultaneously copying notes before they are erased.
The internet allows everyone access competent teachers. There are so many learning resources with videos and how-to articles on a large range of topics. And the resources are extremely up-to-date. When something new is out you don't have to wait for an update to a textbook to be published or a teacher to learn it and include it in a lesson plan.
Considering even the vaunted and once-great New York Times is having trouble just staying afloat due to online competition, I wouldn't say his newspaper point is partially wrong, it's entirely wrong. The internet has mopped the floor so hard with the newspaper industry it really can't be seen as anything but a complete coup.
Also, I disagree that most people will get their news from mainstream sources - personally with the recent Haiti situation I got far more up-to-the-minute news breaks from Facebook, Twitter, and other such sources than I ever got from CNN and the likes. In fact, I would say breaking news is something large news organizations are likely to lose entirely. Nowadays my only mainstream media consumption is almost entirely well-written essays and analyses on things, not raw reporting on a recent event. I predict as the "physical media" generation ages, and the young grow up with the internet being pervasive in their lives, this pattern will only continue to grow.